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Stock Market & Financial Investment News

News Breaks
June 10, 2014
06:04 EDTBEAVBE Aerospace announces plans to create two separate companies
B/E Aerospace announced that the company’s board has commenced a process to separate its industry-leading businesses into two independent, publicly traded companies — one focused on aircraft cabin interior equipment and the other focused on distribution, logistics and technical services for the aerospace and energy services markets. The company said that the board and management are continuing to review and aggressively pursue its strategic alternatives to enhance value to shareholders. On a pro-forma basis, Services Co. had revenues of approximately $1.6B and EBITDA of approximately $365M for the trailing 12 months ending March 31. Manufacturing Co. had revenues of approximately $2.5B and EBITDA of approximately $510M for the trailing 12 months ending March 31. The company expects that the separation of its businesses, if consummated, would take place in the first quarter of 2015. The company has retained Citigroup as its financial advisor and Shearman & Sterling LLP as its legal advisor in connection with this process.
News For BEAV From The Last 14 Days
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July 23, 2015
07:29 EDTBEAVBE Aerospace price target lowered to $55 from $65 at Canaccord
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July 22, 2015
09:07 EDTBEAVOn The Fly: Pre-market Movers
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05:09 EDTBEAVBE Aerospace sees FY15 EPS about $3.03, consensus $3.10
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05:07 EDTBEAVBE Aerospace reports Q2 EPS 75c, consensus 76c
Reports Q2 revenue $700.6M, consensus $704.56M.
July 21, 2015
15:02 EDTBEAVNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Coca-Cola (KO), consensus 60c... Boeing (BA), consensus $1.42... Abbott Laboratories (ABT), consensus 50c... Thermo Fisher Scientific (TMO), consensus $1.78... EMC (EMC), consensus 41c... Illinois Tool Works (ITW), consensus $1.28... St. Jude Medical (STJ), consensus $1.00... Northern Trust (NTRS), consensus 96c... Check Point Software (CHKP), consensus 95c... Polaris Industries (PII), consensus $1.58... Interpublic Group (IPG), consensus 27c... New York Community Bancorp (NYCB), consensus 26c... B/E Aerospace (BEAV), consensus 76c... Owens Corning (OC), consensus 54c... Knight Transportation (KNX), consensus 37c.
July 20, 2015
08:29 EDTBEAVHoneywell organic growth hurdles could lead to M&A, says Cowen
Cowen believes Honeywell (HON) faces many hurdles to its organic growth, which could lead to M&A activity. The firm believes Honeywell targets could include Teledyne (TDY), BE Aerospace (BEAV) or Astronics (ATRO), which would allow it to grow it market leading telematics position. Cowen reiterated its Outperform rating and $116 price target on Honeywell shares.

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